In a notable shift, the SEC is considering a temporary regulatory framework for cryptocurrencies. Acting Chairman Mark Uyeda emphasized the need for a short-term approach that allows businesses to continue innovating while the agency works on a more permanent regulatory solution for digital assets.

Regarding Binance specifically, the SEC and Binance have jointly requested a 60-day pause in their ongoing legal case. This pause is intended to allow the SEC's newly formed crypto task force to draft clearer guidance on how securities laws might apply to digital assets. #SECGuidance